313 Amherst Street, Manchester, NH 03104
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
313 Amherst Street,Manchester, NH 03104
$699,000
- 10 Beds
- 3 Baths
- 4,100 sq. ft.
- Multi-family
- Active
Listed by:kathy snyder
Office:monument realty
MLS#:5067889
Source:PrimeMLS
Price summary
- Price:$699,000
- Price per sq. ft.:$118.47
About this home
Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1,548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2,350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1,548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2,200/month, excluding utilities. The third-floor unit includes 1,004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2,150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.
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Home facts
- Year built:1911
- Listing ID #:5067889
- Added:1 day(s) ago
- Updated:October 31, 2025 at 02:44 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:3
- Full bathrooms:3
- Living area:4,100 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1911
- Building area:4,100 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Manchester Memorial High Sch
- Middle school:Hillside Middle School
- Elementary school:McDonough School
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$118.47
- Tax amount:$7,950 (2025)
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